It’s no secret that the Edmonton area has world-class shopping, but some of the best items for sale are not found in any mall. 

If, like me, you’re a big fan of fresh, locally grown produce and home-made goodies, you’ll be happy to learn about the Farmers’ Markets, U-Pick farming operations and market gardens found in the Tri-Municipal area of Spruce Grove, Stony Plain and Parkland County.  At all of these venues, consumers have the opportunity to make personal contact with the people who actually produce the goods. 

(Google Maps feature is available for some addresses below:  Click on the addresses for a map of the location of the facility.) 

Local Farmers’ Markets

Farmers’ Markets are not just a great place to get some of the best and freshest fruits and vegetables; they are also the spot to find home baking and wonderful fruity jams and other preserves (organic, no chemicals, no preservatives), along with special hand-crafted gift items.  A little tip about Farmers’ Markets:  For the best selection, it is always a good idea to get there early!  The “regulars” know which vendors sell the best in each category, and those vendors are usually among the first to sell out.

Spruce Grove Farmers’ Market:  Located at the Grain Elevator on the south side of Highway 16A :  100 Railway Avenue, Spruce Grove.  Saturdays, 9:30 AM to 2:30 PM.  In 2010, operates indoors from April 17 to December 18.  For more information contact:  Lisa Lohr, ljscreations@yahoo.com.  Phone 780-960-9380.

Heritage Farmers’ Market:  Toby Kazeil Pavilion, 4202 - 50 Street, Stony Plain (Stony Plain Exhibition Grounds).    Saturdays, 9 AM to 1 PM.  In 2010, operates indoors from March 20 to October 9.  For more information contact:  Lisa Wood, lisa@multicentre.org.  Phone 780-963-2777.

Stony Plain Farmers’ Market:  Located in the Stony Plain Community Centre, 5008 - 51 Avenue, Stony Plain.  Saturdays, 9 AM to 1 PM.  In 2010, operates April 10 to December 18.  For more information contact Joanne Blicq, jblicq@hotmail.com.  Phone 780-963-3028.

U-Picks

Tips from U-Pick veterans:

• For berries, bring your own plastic 4-litre ice cream pails with handles and lids (light, easy to carry, handle can loop over a wrist or be tied onto a belt to leave hands free for picking).
• Always phone ahead to make sure field conditions are right for picking. 
• Wear a hat and proper footwear, and remember your bottled water, sunscreen, bug repellent and cash (many U-Pick operations are not set up for debit/credit cards). You may wish to bring gardening gloves and wear long sleeves to protect against scratches from prickly bushes. 
• Bring a cooler with ice packs for transporting your freshly picked produce. 
• Many U-Pick farms can accommodate large groups and often have picnic and barbecue facilities; phone and ask.

Grove Berry Patch:   52430 Range Road 265, Spruce Grove (1.5 km south off Highway 16A on Spruce Valley Road aka Range Road 265).    Kameron and Carol Jones welcome you to their 20 acres of saskatoon bushes and 1 acre of raspberries, chokecherries, black currants, high bush cranberries and vegetables.  Open daily 9 AM to 6 PM and evenings by appointment.  Open 9 AM till dusk during saskatoon season (July and August).  Wheelchair accessible.  Phone ahead to check on conditions and availability:  780-962-5824.

Roy’s Raspberries:  26421 Hwy 16A, Acheson:   located just east of Spruce Grove, south of Hwy 16A on Range Road 265.   20 acres of raspberry bushes, 10 varieties of red raspberries, 2 varieties of golden.  Open daily 8 AM to 8 PM until Labour Day; after Labour Day, open reduced hours until severe frost.  For more information contact manager Harvey Boyko at 780-962-3959 or email roysrasp@xplornet.ca.

Dunvegan Gardens:  Located at 215 St (aka Winterburn Road) and 23 Ave, Edmonton.  Raspberries, saskatoons, black currants.  No pesticides used.  Open May to August Monday to Friday 9 AM to 8 PM, Saturdays 9 AM to 6 PM, Sundays noon to 5 PM; September to April Monday to Saturday 9 AM to 6 PM.  Also operates a greenhouse and garden centre.  For more information phone 780-470-0565 or email info@dunvegangardens.ca. 

Saskatoon Valley Orchards:  Box 19, Site 502, RR 5, Stony Plain:  6 km south of Stony Plain to Secondary Hwy 627; 13 km west on 627 to RR 22; 1 km south.  11,000 saskatoon bushes:  Smoky, Northline, Thiesson, Honeywood varities.  Open July and August, 8 AM to 9 PM.  For more information phone 780-963-8311 or email pktmogan@msn.com.  

Happy Acres U-Pick:  1 52225 Range Road 273, Spruce Grove:  5 km south of Spruce Grove on Golden Spike Road.  Chemical-free strawberries, raspberries, saskatoons, rhubarb, apples, currants, Nanking cherries + wide variety of vegetables.  Also offer farm eggs and honey.  Open Thursday to Sunday 9 AM to 9 PM.  Phone 780-968-0099, or email dveroba@telus.net or happyacresdebbie@hotmail.com. 

Market Gardens

Inspired Market Gardens:  Located at 52207 Range Road 25 near Carvel (35 minutes west of Edmonton).  Specializing in culinary herbs, edible flowers, and salad greens raised using all-natural growing conditions and sustainable agriculture methods, and naturally organic pastured poultry.  Hours for 2010:  May 1 to June 27, Wednesday to Saturday 10 AM to 5:30 PM, Sunday noon to 5 PM.  July to September, Saturdays noon to 5 PM.  Home of the World Bassett Hound Races!  For more information phone 780-968-4648 or 1-877-874-4455, or email info@inspiredgardens.ca.

B.A.’s Market Garden:  Box 31, Site 460, RR 4, Stony Plain:  ½  mile south of Stony Plain, west on 524, follow to the end. At the entrance to Hasse Lake Park.  Barry Altheim markets fresh vegetables all year round.  Phone 780-963-0574.

Garden Valley Organic Orchards:  27212 SH 627, Spruce Grove:  3 km west of Edmonton on Hwy 16A; 10 km south on Hwy 60; 9 km west on secondary hwy 627 (Garden Valley Road), or 10 km south of Spruce Grove on Golden Spike Road aka secondary hwy 788 to secondary hwy 627; 1 km east.  Available for u-pick:  strawberries, raspberries, saskatoons, apples, chokecherries, black currants, rhubarb + wide variety of fresh vegetables.  Spring/summer Monday to Saturday 9 AM to 8 PM, Sunday 9 AM to 3 PM.  Phone 780-963-9370.

Home Grown Food & AgriProducts:  10 - 19 Granite Drive, Stony Plain.   Phone 780-963-5305.  Open Monday to Saturday, 10 AM to 6 PM.  While technically not a “market garden”, this health food store is included in this list because of its commitment to fresh, locally grown, organic products.  From their website:  Homegrown Foods is here to provide you with the finest quality fresh, natural, organic, whole foods, nutritional products, body care products and health information in a fun comfortable clean, safe environment. We also have an extensive gluten free product line along with organic/hormone free meats & a large assortment of wild fish. 

 Did we miss some facilities that should be included in this list?  Phone me at 780-910-9669, email me at btwynam@telusplanet.net or contact me here.

1. Location

Real estate’s number one criterion really plays out in Stony Plain.  Located within Parkland County 8 km west of Spruce Grove and 17 km west of Edmonton, Stony Plain has easy access to all the amenities of both cities.  The town retains its rural roots while offering modern transportation options via Highways 16, 16A and 43, as well as rail and bus links.  Travel times:  roughly ½ hour east to Edmonton (great for commuters), an hour to the Edmonton International Airport, 3 hours west to Jasper, 3½ hours south to Calgary, 4 hours north to Grande Prairie.  Take a look at Stony Plain’s official website.

2. Lifestyle

Quiet small town atmosphere, 14,000 friendly residents, safe and secure streets, along with every convenience of modern life.

3. Neighborhoods

Many towns claim to cater to every taste and budget but Stony Plain truly does have something for everyone:  condos and low-rise apartment buildings in Downtown Stony Plain, mobile and modular homes in Meridian Meadows, all the way up to luxury homes on acreage properties within town limits in Country Plains Estates.

4. 100+ Years of History

From AlbertaFirst.com:  “The Town has a pride in its history which began in 1881 when the first homestead in the area was documented. In 1892 the area was known as Dog Rump Creek until a post office was named for the region and it became Stony Plain. In 1907, Stony Plain’s first Sheriff, Israel Umbach, made national headlines when he chained a locomotive to the railway tracks for non-payment of taxes and changed the course of history. In 1908 Stony Plain was officially incorporated as a town. Stony Plain’s history is kept alive through its murals program, numerous historic sites, and the Multicultural Heritage Centre.”   Interested in learning more about the rich history and interesting tales of this area?  Check out Along the Fifth: A History of Stony Plain and District. 

5. Unique Downtown Character and Hospitality

Twenty-six larger-than-life outdoor murals, historic buildings such as the Stony Plain Hotel which dates from 1906, quaint shops, and one-of-a-kind restaurants make it a treat to stroll through the downtown core of “The Town with the Painted Past”.

6. Multicultural Heritage Centre

 So much to explore!   Housed in two buildings, the Old Brick School built in 1925 and the Oppertshauser House which dates from 1910, the Multicultural Heritage Centre with its beautiful landscaped grounds and gardens features displays and exhibits of local history and pioneer life, a gift shop and art gallery, Wild Rose Library and archives, and the much-loved Homesteader’s Kitchen restaurant, famous among locals for its fresh pies!  Also worth a visit is Stony Plain’s Pioneer Museum (5120 - 43 Ave) which hosts the Pioneer Harvest and Old Time Threshing Bee in September.

7. Festivals

Summer festivals reflect Stony Plain’s strong rural traditions.  Late May/early June features Farmers’ Days and Kinsmen Rodeo, complete with parade, midway, carnival games, arm wrestling competition and more old-fashioned fun.  The Blueberry Bluegrass and Country Music Festival, attracting well-known names and world-class performers, takes place each July (celebrating 25 years in 2010), followed in August by the Cowboy Poetry Gathering. 

8. Farmers’ Markets

Fresh fruits and vegetables, homemade goodies, and handmade craft items are in abundance every Saturday morning 9 AM to 1 PM from mid-spring to early winter at the Downtown Farmers’ Market at the Stony Plain Community Centre (5008 - 51 Avenue) and at the Heritage Park Farmers’ Market (5100 - 41 Avenue). 

9. Recreation

Everything you can imagine!  Sports of all kinds for all ages (soccer, hockey, baseball, basketball, golf, curling, skating, skiing, martial arts, BMX, you name it!), gymnastics, dancing, clubs of every description, and much more.  For specific details visit the Community Connections section of my website  and scroll down to Sports and Recreation.  But there’s more.  Stony Plain also has an extensive parks and trail system running through town, and is just a few minutes away from the TransAlta Tri Leisure Centre  with its spectacular sports facilities and the Chickakoo Lake Recreation Area in Parkland County, as well as numerous other lakes and campgrounds.

What a great place to live, wouldn’t you agree?  Contact me now for your Stony Plain Real Estate needs.

You’ve just moved into your new home, and you plan to enjoy and use your new property for many years.  The last thing on your mind at this time is the expense and aggravation of unexpected repairs. 

Did you know that each element in your home has a predictable life span, an approximate time limit to a trouble-free operation?  If you know what this life expectancy is, you are in a better position to plan for the inevitable maintenance that comes with home ownership.  

If the roof on your home has asphalt standard shingles, you can expect to have to replace that roof in 12 to 15 years after the home was constructed.   An asphalt premium shingle roof has more than double this life span:  15 to 30 years.  Wood shingles last only 10 to 20 years, while a slate tile roof, although much more expensive to install, is expected to last between 40 and 80 years.  

What about home heating and cooling?  Most homes in Alberta have forced air furnaces for heating; 10 to 25 years is their life expectancy.  Central air conditioning will need to be repaired or replaced after 10 to 15 years, while window air conditioning may operate without problems for up to 20 years. 

You might be surprised to learn that a hot water heater as young as 5 years may need to be replaced.  After 15 years, it might be a good idea to replace it simply as a precaution since that is the end of its normal expected life span.  Galvanized water pipes are expected to last between 20 and 25 years.  If you live on an acreage with a well and septic system, expect to replace your well pump after 10 years and your septic/sewer pump between 5 and 10 years.

Budget for home appliance replacement also.  Expect 5 to 12 years of use for both an automatic dishwasher and a garbage disposal.  The range in your kitchen will generally run trouble-free for 15 to 20 years.  In the laundry room, 5 to 15 years for a washing machine and 10 to 25 years for a dryer are standard. 

The above information comes courtesy of Pillar to Post Home Inspections.  Click on this link from their Living with My Home website for a detailed chart showing the life expectancies of other home components, as well as approximate repair and replacement costs.

Comments or questions about this article?  Phone me at 780-910-9669, email me at btwynam@telusplanet.net, or contact me here.

Ever heard of Interest Rate Differentials, or IRDs?  If you haven’t, and your mortgage contract contains a clause referring to it, you could end up with much, much less from the sale of your home than you had anticipated. 

I just re-read an email from Frank DeAngelis, a Spruce Grove lawyer (contact information below) who often handles the legal side of home sales and purchases for my clients.  Although the email was written a year ago, its content and advice are just as relevant in today’s real estate market: 

“In the last few months the Real Estate Department at Main Street Law Offices has dealt with some very surprised and upset Vendors relating to the amount of their mortgage pay-outs. 

“Most Vendors seem to be expecting a three month interest penalty if they pay their mortgage out early.  However, MOST mortgages call for a three month interest penalty or an interest rate differential (”IRD”), whichever is HIGHER.  This higher cost effectively reduces the equity that Vendors have in their existing properties, making their next purchase difficult to complete as they were expecting more equity from the sale of the old house. 

“IRDs can be substantial and are a current concern due to the large decreases in interest rates over the past year.  For example, take a $300,000.00 five year mortgage taken out in 2007 at 6.5%.  With current rates at 4% or less, the pay-out penalty today with three years remaining on the term is $300,000.00 X 2.5% X 3 = $22,500.00

“We strongly recommend that you insist on your clients getting an estimated pay-out statement from their banker, including the IRD pay-out, in any circumstances where reliance is being based on an estimate of equity in the sale property.  This will help avoid closing surprises and assist us greatly in achieving ON TIME ^TM closings for your referrals. 

“Sometimes the bankers can help resolve the issue by “porting” the mortgage.  Each lender has different policies, so each case has to be addressed on its own merits.  We suggest you involve the bankers early to see what they can do to make this issue less of an impact on closing.” 

Frank C. DeAngelis, Barrister & Solicitor

Here are a few of the inhabitants of my salt water reef aquarium.

The deep blue fish on the left is known as the Achilles Tang Hybrid, a rare and special fish.  “It is a quark [sic] of nature where an Achilles Tang and a Goldrim Tang have merged together during conception. It is one of the few reef fishes in Hawaiian waters known to hybridize.”   (from the website SaltAquarium.about.com).   The long nosed fish on the right is a Copperband Butterfly fish.  I bought this fish because it has a highly specialized diet; it loves eating an aquarium pest known as Aiptaisa Anemones.  These pesky sea anemones are known to take over a saltwater aquarium.  The problem with Copperbands is that once they have eaten all the Aiptaisa, they will sometimes starve to death because they are such finicky eaters.  I have managed to get my Copperband to eat frozen brine shrimp (which I feed to all my fish).  Occasionally I find a rock with Aiptaisa growing on it in my quarantine tank.  Once I move the rock to my main tank, my Copperband will hunt down all the Aiptaisa and make a meal of it in very short order.

This is a photo of my starfish.  It is currently wrapped around my blasto coral from Australia.  It always amazes me how gentle this creature is.  It never damages or knocks over any of the corals.  My wife Paulette calls him Gumby.

These are some of my favorite corals, the Australian Acans.  These corals are fully extended out with their feeder tentacles exposed.  This is the sign of a happy and healthy Acan.

This is a photo of my main tank which I started in the fall of 2008.  It is now fully matured (this can take 6 plus months).  The photo shows most of the fish in my tank, along with my black and white clown fish.  Just below them is a living giant clam, which my clown fish have decided to “host”.  Clown fish, also known as anemonefish, usually host an anemone in the wild.  I can only describe this as a love affair between these two creatures.  Because having a poisonous anemone can be extremely detrimental to a reef tank, I choose not to have one.  So my clown fish have taken to hosting my giant clam, claiming it and defending it as their territory.  They are never very far away from this clam.  They nudge it in the morning to wake it up, sleep on it at night and do not like anything coming close to their clam, including my hand when I try to clean the inside glass.

Another picture from my main tank.  Pretty much everything you can see in this aquarium is alive:  the corals and fish, of course, but there is even life in the sand and rocks.  The rock, referred to as “live rock”, serves many purposes, and is probably the most popular material used for natural biological filtration in saltwater aquariums.  What surprises most people is how alive the corals are.  They expand and contract, react to touch, light and food.  What people may not know is that many corals are carnivorous, and many have long stinging tentacles used to protect their territory.  The winner of any coral conflict is usually determined by which coral produces the strongest poison.  Fortunately for us, human skin is too thick for most corals to penetrate. Although there is a lot going on in a reef aquarium during the day, plenty of interesting things happen after the lights are turned out at night.  A flashlight will expose the many night creatures and add a whole new dimension to a reef system.

Most of us have things we collect or activities we like to do in our leisure time.  These collections and activities often spill over into our homes, even if they are usually done elsewhere.  Without proper planning, this can sometimes be disastrous.  Think, for example, of current popular television programs on hoarding and decluttering.  

If you have any sort of hobby, and you are in the market for a new home, it’s a good idea to give some thought about how that hobby will fit into the physical confines of the houses you look at, and what modifications you might have to make to a house in order to accommodate your hobby. 

Let’s say you enjoy hiking and camping, or similar sports or activities that you normally practice away from home.  Where and how are you going to store the gear needed for these activities? 

Maybe you are a serious collector of… well, almost anything!  Books, coins, model cars, sports memorabilia, dolls, antique furniture, teapots, clocks, insects….   More than three objects in any of these categories could rightly be called a collection.  The question for your home is where and how are you going to store and display your collection?  

Or, maybe your hobby is some activity or craft you do, which may or may not result in a physical endproduct.  Some hobbies are fairly easy to fit into everyday life.  Gourmet cooking?  Your kitchen may be a little better equipped than the average but usually no major changes need to be made.  Enjoy reading, doing crossword puzzles, blogging, or watching vintage movies?  Again, easy to do at home without disrupting daily life.  Scrapbooking or sewing?  A table and a few storage containers in the corner of a guest bedroom will often be enough. 

But suppose your hobby requires

• a great deal of space (think model trains or weaving or woodworking or restoring old vehicles)
• the use of toxic chemicals (oil painting or furniture refinishing)
• structural changes to your home (pottery making with a home kiln, perhaps, where special wiring might be needed, or collecting wine, where special lighting and temperature controls may be required) 

Can hobbies of this type be accommodated in your home?  Yes, with a little forethought and planning.  A good rule to follow is to do what you must but always keep the end in mind.  That is, consider what you will need to do to return your home to its original condition should you give up the hobby or when it is time to sell your home. 

I recently developed the basement of our Spruce Grove home.  I thought this would be a good opportunity to incorporate a salt water aquarium into our home.  There is just something about the choice of fish and corals and all the colours available in a salt water reef system.  A fragile system that does not forgive neglect or ignorance, it has very specific needs that include water temperature, lighting, chemical control (e.g. calcium, PH balance, ammonia, nitrates, magnesium, etc.), water flow, salinity, and more.  There can be costly lessons during the learning curve.  But if one is passionate about a hobby, the work and expense are eventually well worth it.   

I brought in someone who is an expert in salt water systems and had him advise me on what was needed.  He suggested we add two dedicated electrical circuits to accommodate all the equipment, and a sink with hot and cold running water.  We built the tank into the wall so that it can be viewed from the family room.  All the equipment is located behind the main tank in an oversized closet just off the exercise room.  The system was installed so that it could easily be converted back to what the average home buyer would expect to find.  All that we need to do is remove the equipment, frame the opening where the display tank is, mount and finish some drywall, and no one would ever know there ever was an aquarium there. Except for maybe plumbing in the wall and a humidistat hooked up to an exhaust fan.  

 It is worth remembering that when you modify your home to accommodate your hobby or business, you may have to remove all evidence of it ever having been there as it may be viewed as a deterrent or expense to prospective buyers.   

For most people, hobbies and interests are a special but integral part of their lives and need to be considered when shopping for a new home.

Comments or questions about this article or about Spruce Grove Real Estate?  Email me at btwynam@telusplanet.net, phone me at 780-910-9669, or contact me here.

160 Acres in Rural Lac Ste. Anne County, $149,000

 If your preference is privacy (the nearest house is over one mile away), rolling land, meadows where deer and moose sleep, along with abundant other wildlife, then maybe this 160 acre property is for you. 

 BEAUTIFUL LAND (there is nothing boring here):  great views, including a view of Oldman Lake, peaceful and quiet, with a seasonal creek running through the property, 3 meadows, dugout.  Located near the end of a dead end road.  Some good hay and grazing land.  A walk to the four corners of the property takes almost 2 hours.  Take a look at the VIDEO TOUR on YouTube.

Located 45 minutes from West Edmonton, 35 minutes to Spruce Grove and Stony Plain, 20 minutes to Alberta Beach, 10 minutes to Glenevis, Alberta. Quarter Sections North and South were recently surveyed and are marked with surveyor tape.  Paved highway most of the way to the property. All for less than $1000 an acre.

 To view this great property (MLS Listings E3231142 and E1012120):  phone me at 780-910-9669, email me at btwynam@telusplanet.net, or contact me here.

Whether in Spruce Grove, Stony Plain, Parkland County, the Edmonton area or elsewhere, REALTORS® love statistics.  We like to know how many and what kind of properties are being listed and sold, and for how much.  We also like to examine trends over time because this helps us help our clients determine realistic property values when they buy or sell a home. 

We often hear about the ups and downs of the real estate market, but what does this really mean?  Is real estate a good investment?  Does real estate always appreciate? 

Answers to these questions can be seen fairly easily by looking at a few statistics, especially when these are presented in graphic format. 

If we look at page 9 of this document from the REALTORS® Association of Edmonton, we see average residential selling prices for homes in the Edmonton area from 1962 to 2009.  If you’re like me, all those numbers make my eyes water!  But let’s look closely at the year-end statistics from 1962 to 2009.  Some interesting trends emerge, and curiously, these trends appear to repeat themselves.  

 From 1962 to 2009 the average selling price of a residence in Edmonton increased from $12,556 to $320,392 - an increase over 47 years of 24 times the starting value!  Does this mean that the value of one’s home doubles every few years?!  Well, sort of…  Examining the numbers year by year, we see that while the overall price trend has been ever higher, the movement is not always steady and not always upward.  There were a number of times during those 47 years when the average selling price in one year, or even for a series of years, was lower than the previous year. 

Prices stumbled in 1964, recovering the next year.  Steady, and in some cases significant growth, continued until 1981.  Looking more closely at the gains during those 16 years, and doing a little math, we discover that double digit percentage gains over the previous year occurred in 1967 (12.3%), 1968 (12.9%) and 1969 (17.7%).  During the next 3 years prices continued to increase but at a more modest rate.  1973 saw prices take another leap (14.6%), and that was followed by 3 more years of huge year over year gains (1974 - 28.2%; 1975 - 26.4%; 1976 - 32%).  A house that sold in 1972 for $24,777 was suddenly “worth” $59,450 only 4 years later.  By 1981 the average selling price had risen to $91,438, a gain of 369% in just 9 years.  Many people buying and then re-selling property during this time made substantial financial gains. 

But the sometimes cruel nature of the real estate market took over in 1981.  A person buying a home in 1981 would have seen prices drop for the next 4 years, and then increase modestly for another 4 years but still not rebound to the price paid in 1981.  A hard lesson perhaps. 

By 1990 the average residence sold in Edmonton for $101,014.  Prices rose for 5 years, fell in 1995 and 1996, and then rose for the next 11 years, up to 2007.  This is eerily reminiscent of the trend mentioned above starting in 1964.  Several of the 11 years between 1997 and 2007 saw a price gain that was dramatic.  In 2002 and 2003 percentage increases were 12.6% and 10.2% respectively.  In 2006 prices rose 29.4%.  This was followed in 2007 by the largest one-year percentage increase since these statistics began:  34.7%, or a rise to a dollar value of $338,009.  Most people are probably aware of what happened to the housing market in the US during this period of time and its effect on house prices throughout North America.  The average selling price of a home in Edmonton dropped 1.5% in 2008 and 3.7% in 2009 but appears to be trending upward so far in 2010.

 These trends are even easier to spot in a chart like this one:

  Looking at the proverbial big picture, we see the following:

• The average annual price increase is roughly 7.8%
• The average 5-year price increase is about 49%
• Only 9 years between 1962 and 2009 showed price decreases
• If you held a property for 9 years, you would always see an increase
• Edmonton values appear to double every 9 years, on average, since 1962 

Statistics and facts suggest that yes, real estate is definitely a good investment, and yes, it does appreciate over time.  

What about right now in the marketplace?  Are we once again in the trend of a couple years of soft prices followed by a decade of increases?  Are prices going to continue to fall before they recover as they did in the 1980s and 1990s?  Is now a good or bad time to buy and sell?  Hard to predict and impossible to know.  This is, of course, exactly what makes real estate interesting! 

Interested in learning more about the real estate market in Spruce Grove, Stony Plain, Parkland County or the Edmonton area?   Contact Barry today!

You have probably heard the phrase “location, location, location” used in real estate and wondered why the need to state it three times.  It is repeated to emphasize its importance.  It is one of those things in real estate that just is, and when you ignore its importance you will likely regret it.  

As a buyer myself, I ignored it twice in the last 30 years.  One of those times was when I remustered to a Structural Technician (changed trades) while serving in the Canadian Armed Forces.  My first posting was to Wainwright, Alberta where housing was pretty pricey, so we decided to purchase a major fixer upper in Czar, Alberta (200 people, 10,000 head of cattle), 50 km south of Wainwright.  My thinking was twofold:  we could buy a house a lot cheaper in Czar, and this would be good practical experience to experiment with my new construction trade.  We could add sweat equity to this house, making a really nice home and still be competitive with the Wainwright market.

 My wife Paulette and I spent the next 3 ½ years gutting the house, including the interior walls, kitchen, basement, lighting, electrical…  In the end the house turned out beautiful.  But when we got posted to the north end of Vancouver Island, no one wanted to buy the house, because we could not compete with the buyers’ desire to live in Wainwright.  To make a long story short, we rented the house to the only person who applied, and that person trashed the house.  I took time off, came back to Czar, fixed the house up for sale and put it back on the market, selling it for what the market would bear. The lesson here:  Buyers will pay a premium to live where they want to live. 

“Location, location, location” usually means attractive neighbourhoods close to schools, hospitals, and facilities for entertainment, recreation and shopping.  It can mean proximity to a lake or backing onto a park, green space or golf course.  Homes in undesirable locations might be next to commercial/industrial buildings, beside railway lines, under flight paths, or in neighbourhoods with high crime rates.  Also included are economically depressed areas, where neighbours show zero pride of ownership in maintaining their homes and yards.  

Although you will pay a premium to buy in a desirable location, the payback is well worth the extra cost.  Desirable locations sell quicker, usually appreciate at a greater rate, and are likely to sell before less desirable locations even when the market is slow. 

From my past experiences, if budget is an issue (and when isn’t it?), I would settle for a smaller home located in a desirable location, later moving up to a larger home when I could afford it.

If you are asking the question, then the answer should probably be, yes.  No one should ever advise you not to get a home inspected.   If you do decide to go ahead, make sure the home inspector has experience, training and a broad understanding of home construction and all the bits and pieces that make a house whole. 

A good home inspector will spend between 2 to 4 hours (depending on the house size) inspecting the home.  He or she should have equipment such as a moisture detector, carbon monoxide detector, ladders, magnifying glasses, mirrors and other specialized equipment in order to check all areas of the home and in cracks and crannies when needed.  A thorough home inspection should give you a good overview of the general condition of the plumbing, electrical, roofing, insulation, windows, grading, drainage, the foundation where exposed, furnace, hot water tank, and general construction and condition of the home.  It is advised that you be there for most of the inspection or at least the latter half of the inspection.  That way you can see firsthand any deficiencies (minor or major) noted by the inspector.  You can also ask the inspector to look more closely at any areas that are of concern to you. 

At the end of the inspection the home inspector should provide you with a report outlining his observations. He or she should also give you an overall view of the condition of the home (i.e. sub-standard, normal, above average), and recommend maintenance that should be done over time. 

A house put under a magnifying glass like this will create a list of observations.  That list can sometimes seem overwhelming.  Don’t be surprised when your home inspector refers to a 25-year-old furnace as being “fully depreciated”. That doesn’t mean the furnace has to be replaced tomorrow.  If it is operating safely, it could last, with proper maintenance,   another 5 or more years.  But a 25-year-old furnace is only about 60% efficient (60% of the fuel used by the furnace is used to produce heat and the other 40% goes up the chimney). Most people nowadays replace furnaces in order to have a more efficient furnace.  The building code now requires that all new furnaces be high efficiency (90 plus percent). The home inspection needs to be put into perspective.  It should reflect, within reason, what you viewed and bargained for when you negotiated your purchase. 

Although a home inspection can be used to try to re-negotiate the original purchase contract or to try to get the seller to do repairs or upgrading, this is usually the exception to the rule, reserved for bigger ticket items that a buyer would not have expected from the original viewing of the home.  Things that fall into this category could include safety issues (for example, a cracked heat exchanger on a furnace), a structural issue that you were not aware of, or such a very large list of minor deficiencies that it now represents a major expense, with the exception of a home that was known to require a lot of work, such as a “handyman special”.  There is no one answer that fits all situations, so it is always best to discuss any concerns you have with your REALTOR®.

See also “How to Pass Your Home Inspection” on BarryT.ca.

Comments or questions are always welcome!  Contact me here, phone me at 780-910-9669 or email me at btwynam@telusplanet.net.